Ideagen makes first acquisition of the year with £26.4m swoop
Ruddginton software firm Ideagen has made its first acquisition of 2022, after buying MailManager in a £26.4m deal.
MailManager, a London-headquartered email management provider, has annualised recurring revenues of approximately £5.1m as of 31 January 2022.
Its software is designed to integrate into clients’ existing IT infrastructure to help file and search critical correspondence to improve productivity, ensure information visibility and accessibility and to mitigate risk.
The deal comes less than two months after Ideagen announced it had raised £103.5m to fund its acquisition pipeline.
MailManager’s clients span a broad range of mid-market to enterprise accounts, and has a particularly strong footprint in the architecture, engineering and construction sector.
Ben Dorks, CEO of Ideagen, said: “What a great way to start the new year by giving a very warm welcome to everyone at MailManager. It has a resilient business model, a quality customer base, a strong team and outstanding technology.
“MailManager joins our growing suite of leading collaboration software, enhances our ARR base and has a strong presence in key end markets where we expect to be able to drive group-wide growth.
“Our mission is to help customers effectively navigate highly regulated environments through great software and we look forward to making further complementary acquisitions from our pipeline in due course.”
